Incorporated in 1999, Gujarat based Par Drugs and Chemicals Limited is engaged in the business of manufacturing and developing active pharma ingredients (API) for the Indian and international markets. APIs are used as the main ingredient in making tablets, capsules, and other finished dosages. The company also produces various antacid molecules.
It has two manufacturing facilities located at Ankleshwar and Bhavnagar in Gujarat. Currently, the company has a total of 6 Fine Chemical and 12 API products which are available in the market of 17 countries, including India. Some of the customers of the company are Dabur India Ltd, Meyer Organics Pvt. Ltd, Cadila Healthcare Ltd., Cipla Ltd, and Pfizer Ltd. For fiscal 2018, the international and domestic operations recorded 86.88% and 13.12%, respectively from the total company sales.
The company has a testing laboratory to maintain quality standards for finished products and raw materials. Par Drugs and Chemicals Ltd also performs drying operations of the products provided by customers in the liquid form and converts them into powders.
The competitive strengths of the company are:
1. Diversified product range
2. International presence
3. Prompt sales & distribution network
4. A good track record
5. Strong chemistry capabilities
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding working capital requirements of the Company | ₹7 |
| 2 General Corporate Purpose | ₹1 |
| Metric | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Total Assets | 5,136 | 5,394 | 5,604 |
| Revenue | 4,641 | 4,242 | 4,881 |
| PAT | 242 | 150 | 185 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 778,000 (47%) | — |
| Retail (RII) | — | 780,000 (47%) | — |
| Market Maker | — | 84,000 (5%) | — |
| Total | — | 1,672,000 (100%) | — |
* Amount calculated at upper price band (₹51) · ** Total includes all investor categories
- 1 Initiation of Refund 14 May 2019
- 2 Credit of Shares to Demat 15 May 2019
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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